Meyer Bergman has sold the Futurum shopping centre in Hradec Králové, Czech Republic, to CPI Property Group after executing significant enhancements to improve its market appeal.
Target Information
Meyer Bergman, a specialized investment manager focusing on urban mixed-use real estate, has sold the Futurum shopping centre located in Hradec Králové, Czech Republic, to CPI Property Group. The transaction was executed on behalf of Meyer Bergman’s second value-add fund. Originally acquired in late 2014 from a consortium of investors, the 39,000 square meter shopping centre has undergone significant enhancements to elevate its market appeal.
Situated 110 kilometers east of Prague in the Bohemia region, Futurum is strategically located near the ring road, southeast of the city centre. The shopping centre is anchored by a Tesco hypermarket and houses over 100 retail outlets, including a multiscreen cinema complex and parking facilities for 1,310 vehicles.
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Industry Overview in the Czech Republic
The retail sector in the Czech Republic has demonstrated resilience and stability, bolstered by a favorable economic environment and steady consumer spending. The growth in disposable income among Czechs has spurred a shift towards modern shopping e
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CPI Property Group
invested in
Futurum shopping centre
in 2014
in a Other Private Equity deal